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MORE TWEAKS FOR NEVADA ONLINE POKER REGULATIONS
Friday, November 4, 2011 : Second hearing produces some practical suggestions
The Nevada Gaming Control Board held its second hearing on proposed regulations for a legalised online poker environment Thursday, considering a number of suggestions.
There was concern over a provision banning player-to-player transfers, which in the online poker industry is a generally used facility for players within a site to stake each other.
Mark Liparelli, who chairs the Board, explained that the regulation was included because the Board did not want to risk the development of what he called "shadow banking" in which less scrupulous players may attempt to circumvent safe and conventional financial structures.
A legal representative for 888 Holdings, which the Board approved as a partner for European online operations with Caesars Entertainment earlier this year, applauded the efforts in Nevada to set up a practical regulatory environment in preparation for the legalisation of the pastime.
“It’s unfortunate that a country that gave birth to the Internet, Microsoft, Google, Facebook, is stuck in prohibition,” he said, adding that his client is keen to establish a physical presence in Nevada once legalisation is approved, probably by opening a "logistical centre".
The controversial question of an exclusionary database was also discussed, with Board members appearing to favour the idea on the basis that excluding certain individuals in the internet poker environment would likely be easier than in brick-and-mortar operations.
The consultations are set to continue, with the final regulations set sometime in December, when they will be approved by the Nevada Gaming Commission.
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Daily fantasy sports operator FanDuel, which is now additionally active in the UK market, has announced the inclusion on its roster of English Premier League action, with associated contests scheduled for roll-out next week.
Coral Q4-2016 earnings reports -
Ahead of its forthcoming merge with Ladbrokes, the online and land gambling group Coral published its Q4-2016 financial numbers Thursday, detailing the twelve week period ended September 25 2016.
Unibet in cooperation with -
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Kiron Interactive in deal with Digitain -
The online gambling expo and conference EiG 2016 has enabled two online gambling companies to come together in a commercial deal; specialist virtual games supplier Kiron Interactive has inked an agreement to distribute its virtual games via Armenia’s Digitain.
GLOBAL SPORTS BETTING WORTH $253.3 BILLION BY 2020 -
Ujjwal Doshi, lead analyst at the research firm, says, “Low-cost cross-border service delivery is opening up sports betting markets, which were previously protected by state-regulated monopolies or dominant local operators.”
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